MILWAUKEE, June 27, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating WageWorks, Inc. (NYSE: WAGE) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of WageWorks to HealthEquity.

Click here to learn how to join the action: http://ademilaw.com/case/wageworks or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges WageWorks' financial outlook is improving and yet shareholders will receive only $51.35. HealthEquity is acquiring WageWorks at a substantial discount. The merger agreement unreasonably limits competing bids for WageWorks by prohibiting solicitation of further bids, and imposing a termination penalty if WageWorks accepts a superior bid. WageWorks insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of WageWorks's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for WageWorks.

If you own common stock in WageWorks and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/wageworks.                     

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi & O'Reilly, LLP